Dan Perotti, PennyMac’s chief financial officer, said during the company’s earnings call that the net income results included $1 million of fair value gains on mortgage servicing rights (MSRs), the net of... Read more »
Madison Realty Capital originated a $107-million mortgage and mezzanine loan to finance the acquisition of 588 Crenshaw Blvd. in Torrance and refinance existing debt at 1483 West Via Plata in Long Beach.... Read more »
The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice of lenders’ avoidance... Read more »